Key Findings
The European market for automotive plastics is expected to progress at a CAGR of 9.42% during the forecasting years of 2019-2027. The rise in the demand for lightweight vehicles across the automotive industry is expected to inject growth to the automotive plastics market over the forecast period in the region.

Market Insights
Germany, Italy, France, Spain, United Kingdom, Russia and the Rest of Europe are considered for the Europe automotive plastics market study. There is a large number of supplier present in the market with significant capabilities of forwarding integration. The prices are heavily dependent on movement in the crude oil derivative market. A limited number of petrochemical industries control the world’s plastic raw material supply among themselves.

Competitive Insights
The major market players are Covestro AG, Lear Corporation, Trinseo S.A., Magna International, Owens Corning Corporation, Evonik Industries, Idemitsu Kosan Co., Ltd., BASF SE, AkzoNobel CV, KRD Sicherheitstechnik GmbH, Webasto SE, Chi Mei Corporation, Sumitomo Chemical Co. Ltd., Renias Co., Ltd., Dow Chemical Company, Sabic, Teijin Ltd., Royal DSM, Engel Austria GmbH, Johnson Controls and Mitsubishi Chemical Corporation.